Invesco Ltd. $IVZ Position Reduced by Rothschild Investment LLC

Rothschild Investment LLC reduced its stake in shares of Invesco Ltd. (NYSE:IVZ) by 13.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,040 shares of the asset manager’s stock after selling 6,625 shares during the period. Rothschild Investment LLC’s holdings in Invesco were worth $679,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of IVZ. Geode Capital Management LLC grew its stake in Invesco by 0.8% in the second quarter. Geode Capital Management LLC now owns 11,107,421 shares of the asset manager’s stock worth $174,816,000 after purchasing an additional 88,094 shares in the last quarter. AQR Capital Management LLC raised its stake in Invesco by 35.4% during the first quarter. AQR Capital Management LLC now owns 11,028,524 shares of the asset manager’s stock valued at $165,262,000 after buying an additional 2,882,928 shares in the last quarter. Northern Trust Corp lifted its holdings in Invesco by 11.3% during the 1st quarter. Northern Trust Corp now owns 7,083,410 shares of the asset manager’s stock worth $107,455,000 after buying an additional 721,947 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Invesco by 99.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,026,920 shares of the asset manager’s stock worth $106,598,000 after acquiring an additional 3,507,150 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of Invesco by 9.5% in the 1st quarter. Alliancebernstein L.P. now owns 6,985,352 shares of the asset manager’s stock worth $105,968,000 after acquiring an additional 605,161 shares in the last quarter. Institutional investors and hedge funds own 66.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on IVZ. BMO Capital Markets restated an “outperform” rating on shares of Invesco in a research note on Friday, October 24th. Bank of America increased their target price on shares of Invesco from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, October 2nd. Weiss Ratings restated a “hold (c+)” rating on shares of Invesco in a research report on Thursday, November 13th. The Goldman Sachs Group boosted their price objective on shares of Invesco from $25.50 to $26.50 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Finally, Citigroup increased their price objective on shares of Invesco from $22.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, Invesco presently has an average rating of “Hold” and an average target price of $23.70.

Invesco Stock Up 1.0%

IVZ stock opened at $22.67 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.67. Invesco Ltd. has a fifty-two week low of $11.60 and a fifty-two week high of $24.75. The firm’s 50-day simple moving average is $23.14 and its 200 day simple moving average is $19.69. The stock has a market cap of $10.09 billion, a PE ratio of 15.42, a price-to-earnings-growth ratio of 0.85 and a beta of 1.72.

Invesco (NYSE:IVZ) last posted its earnings results on Tuesday, October 28th. The asset manager reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.17. Invesco had a net margin of 14.15% and a return on equity of 8.52%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the business posted $0.44 EPS. Invesco’s revenue was up 7.4% on a year-over-year basis. As a group, sell-side analysts predict that Invesco Ltd. will post 1.87 EPS for the current year.

Invesco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 2nd. Investors of record on Friday, November 14th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Friday, November 14th. Invesco’s dividend payout ratio is 57.14%.

Insider Activity at Invesco

In related news, Director Douglas J. Sharp sold 160,000 shares of the firm’s stock in a transaction that occurred on Friday, October 31st. The stock was sold at an average price of $23.56, for a total value of $3,769,600.00. Following the sale, the director directly owned 192 shares in the company, valued at $4,523.52. This trade represents a 99.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephanie Butcher sold 103,192 shares of the business’s stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $22.12, for a total value of $2,282,607.04. Following the transaction, the director owned 29,855 shares of the company’s stock, valued at $660,392.60. This trade represents a 77.56% decrease in their position. The SEC filing for this sale provides additional information. 1.21% of the stock is owned by company insiders.

Invesco Company Profile

Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds.